CSE: FTEL | OTC: FSTTF |G1J.FRANKFURT
Saguache County, CO (USA)
Te/Ag/Au
FTEL Option to acquire 100%
Status Exploration
Surface & mine dump sample grades up to 3.3% Te (33,000 ppm), 33.7 g/t Au, 364.8 g/t Ag
Due to the property’s exceptional tellurium grades, Klondike was considered one of First Solar’s top tellurium prospects worldwide. First Solar planned to use Klondike as a potential primary source of tellurium for manufacture of the company’s cadmium-telluride (CdTe) solar panels. When First Solar decided to cancel their tellurium mining initiative, the property was purchased in 2013 by the geological team leading the company’s property acquisitions.
First Solar performed geophysics, sampling, drill targeting, and permitting from 2009 to 2011, then abandoned their global Te exploration program before drilling the identified Klondike targets. First Tellurium acquired an option to purchase the property from First Solar’s former team, who are now managing the upcoming exploration program at Klondike.
Klondike is located 10 miles (16 km) from the small town of Saguache and is easily accessible via paved and gravel roads. Most exploration work can be performed year-round.
The Colorado Geological Survey (CGS), in partnership with the Colorado School of Mines, reported on First Solar’s exploration at Klondike in the 2015 Colorado Mineral and Energy Industry Activities 2014-2015 publication. In particular, the CGS noted:
“Surface sampling by First Solar, Inc. in 2006 found very high tellurium grades of up to 3.3% (33,000 ppm), along with locally high gold grades. Tellurium grades at Klondike were the highest encountered in the company’s nationwide exploration program.”
in surface and mine dump samples.
geophysical anomaly identified in 2011, indicating an attractive target at shallow depths.
silicified pipes characterized by native gold and tellurium, and silver + base metal tellurides.
envelope of strong hydrothermal alteration in Tertiary volcanic rocks.
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Shortages loom, and prices are rising for the extremely rare and, by the same measure, versatile metalloid tellurium.